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Some currencies are trying to return to the green zone; However, the prices of most of them continue to decline, he says CoinMarketCap.
Ripple/USD
XRP price has risen by 0.24% since yesterday.
On the hourly chart, XRP price looks bullish as it is on its way to the local resistance level at $2.1014. If it is broken, the upward move to the $2.14 area may continue.
On the daily time frame, XRP price remains bearish despite a potential daily bullish close. If the bar closes around current prices, traders may see sideways trading in the $2.05-$2.20 area over the next few days.
From a mid-term perspective, the picture is similar.
Related to
However, if buyers lose the vital $2 area, the accumulated energy could be enough to fall to or below the $1.90 range.
XRP is trading at $2.1050 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the opinions of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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